coin-img-MONADMONAD-21.67%coin-img-ETHETH-6.10%coin-img-BTCBTC-5.47%coin-img-UCNUCN+0.08%coin-img-SOLSOL-7.11%coin-img-XRPXRP-7.40%coin-img-USDCUSDC+0.03%coin-img-DOGEDOGE-7.86%coin-img-MONADMONAD-21.67%coin-img-ETHETH-6.10%coin-img-BTCBTC-5.47%coin-img-UCNUCN+0.08%coin-img-SOLSOL-7.11%coin-img-XRPXRP-7.40%coin-img-USDCUSDC+0.03%coin-img-DOGEDOGE-7.86%coin-img-MONADMONAD-21.67%coin-img-ETHETH-6.10%coin-img-BTCBTC-5.47%coin-img-UCNUCN+0.08%coin-img-SOLSOL-7.11%coin-img-XRPXRP-7.40%coin-img-USDCUSDC+0.03%coin-img-DOGEDOGE-7.86%coin-img-MONADMONAD-21.67%coin-img-ETHETH-6.10%coin-img-BTCBTC-5.47%coin-img-UCNUCN+0.08%coin-img-SOLSOL-7.11%coin-img-XRPXRP-7.40%coin-img-USDCUSDC+0.03%coin-img-DOGEDOGE-7.86%

Bitcoin, Ethereum Fall Over 5% in Three Hours as BOJ Signals Rate Hikes

Bitcoin and Ethereum dropped more than 5% within three hours on Dec. 1, BlockBeats reports. Bank of Japan Governor Kazuo Ueda said the BOJ will continue raising policy rates if economic and price forecasts materialize, triggering declines across Asian equity markets. Separately, Donald Trump said he finalized his choice for Federal Reserve Chair, while unverified reports claimed Fed Chair Jerome Powell would announce his resignation at an emergency meeting scheduled for 7 p.m. ET on Monday. The People's Bank of China held a coordination meeting on Nov. 28 on virtual currency trading, reiterating that virtual currencies lack legal tender status and related activities constitute illegal financial operations, with stablecoins facing money laundering and cross-border transfer risks.
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BTC
BTC-5.43%
ETH
ETH-6.08%
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